National Vision Holdings Inc (EYE)
Debt-to-equity ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 437,684 | 538,034 | 539,225 | 546,862 | 546,231 | 545,520 | 544,822 | 544,178 | 543,566 | 592,526 | 591,832 | 708,196 | 624,611 | 620,065 | 615,641 | — | 525,896 | — | — | — |
| Total stockholders’ equity | US$ in thousands | 829,418 | 840,352 | 908,412 | 896,726 | 901,113 | 906,925 | 891,669 | 950,726 | 925,980 | 988,557 | 938,337 | 887,532 | 906,502 | 864,963 | 820,939 | 786,160 | 776,437 | 765,471 | 774,434 | 762,580 |
| Debt-to-equity ratio | 0.53 | 0.64 | 0.59 | 0.61 | 0.61 | 0.60 | 0.61 | 0.57 | 0.59 | 0.60 | 0.63 | 0.80 | 0.69 | 0.72 | 0.75 | 0.00 | 0.68 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $437,684K ÷ $829,418K
= 0.53
The debt-to-equity ratio of National Vision Holdings Inc has shown some fluctuation over the years, ranging from 0.00 to 0.80. In general, a lower debt-to-equity ratio indicates a lower level of financial risk, as it suggests that the company relies less on borrowed funds to finance its operations.
The ratio was relatively stable around 0.60 for most of the recent quarters, indicating a balanced capital structure with a moderate level of debt compared to equity. However, there was a significant spike to 0.80 in the first quarter of 2021, which may suggest a temporary increase in debt or a decrease in equity during that period.
Overall, the trend in the debt-to-equity ratio for National Vision Holdings Inc suggests a generally healthy financial position with a manageable level of debt relative to equity, although it is important to monitor any significant changes in the ratio over time to assess the company's financial stability and risk profile.
Peer comparison
Dec 31, 2023